Does this mean that we have felt the bottom and there will be a rebound soon? Is it time to buy?
I agree that the price drops across the cryptocurrency market are quite large, but in my opinion, this is not the bottom yet.
Of course, I would be very happy if prices stopped falling, but unfortunately it is very likely that the bear market will last longer.
If someone is investing for a longer term, I think this is a good time to buy. If someone wants to invest only speculatively, I think he can take a risk and wait, because prices may still fall.
I hope that the bottom of the fall of the cryptocurrency has already passed. In recent days, prices in the market have begun to slowly rise. Until recently, the price of bitcoin was at the level of $33,000, and now it has risen to $37,435. Prices are now predominantly in green. Of course, there is no guarantee that the market will not fall again, but there are also hopes for its recovery in the near future.
Of course, now is still the time to buy a potential cryptocurrency, but it is better to do it in parts, since it is still difficult to predict further price movements in this market.